Oil & Energy
Experts, Stakeholders React To PIB Passage

Reactions are now trailing the passage of the Petroleum Industry Bill (PIB), more than 13years after it was first introduced to the National Assembly.
The Bill, which was passed simultaneously, by the House of Representatives and the Senate, last Thursday, allocated three percent of profits from operators to fund oil and gas host communities.
According to the PIB, 30 percent of profit on oil would be utilised for frontier explorations, while the money will be in an escrow account and if left untouched, would be returned to the treasury.
National President, Petroleum Products Retail Outlets Owners Association of Nigeria, Dr Billy Gillis-Harry, who expressed happiness over the passage of the Bill, said it was a blessing for Nigeria.
He noted that through the bill, a deregulated downstream oil sector would be achieved, adding that this would boost the fortunes of the country and improve the Nigerian economy.
He congratulated the National Assembly for the feat and expressed the hope that the passage of the bill would bring the oil sector back on track.
On his part, the National Operations Controller, Independent Petroleum Marketers Association of Nigeria(NOCIPMAN), Mr. Mike Osatuyi, observed that the passage of the PIB into law was the beginning repositioning the oil and gas industry.
He further said the passage of the PIB would get the market forces to determine and control petroleum prices and curb oil theft.
Some stakeholders and industry experts, however were not enthused about the passage as they frowned at the reduction of host community funds from 10percent to 3percent, describing it as paltry and insignificant.
Executive Director of Health of Mother Earth Foundation, Dr. Nnimmo Bassey, pointed out that three percent to host communities was not commensurate with the environmental and health challenges caused by oil and gas exploration and exploitation activities and accused oil multinationals for causing the delay of the passage of the Bill, over selfish interests.
Meanwhile, the chairman Petroleum and Natural Gas Senior Staff Association of Nigeria(PENGASSAN), Azubuike Azubuike, while applauding the passage of the Bill, regretted that the issue of host communities was politicised.
Azubuike observed however, that investments in the petroleum sector would not be impressive as expected due to alternative energy sources.
However, the Pan Niger Delta Forum(PANDEF), while not casting shadow over the victory, expressed doubt and said it was not time yet for the oil bearing region to celebrate as the nation’s President, Muhammadu Buhari had not assented to the bill.
By: Tonye Nria-Dappa
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Dangote Refinery Resumes Gantry Self-Collection Sales, Tuesday
This is revealed in an email communication from the Group Commercial Operations Department of the company, and obtained by Newsmen, at the Weekend.
The company explained that while gantry access is being reinstated, the free delivery service remains operational, with marketers encouraged to continue registering their outlets for direct supply at no additional cost.
The statement said “in reference to the earlier email communication on the suspension of the PMS self-collection gantry sales, please note that we will be resuming the self-collection gantry sales on the 23rd of September, 2025”.
Dangote Petroleum Refinery also apologised to its partners for any inconvenience the suspension may have caused, while assuring stakeholders of its commitment to improving efficiency and ensuring seamless supply.
“Meanwhile, please be informed that we are aggressively delivering on the free delivery scheme, and it is still open for registration. We encourage you to register your stations and pay for the product to be delivered directly to you for free. We sincerely apologise for any inconvenience this may cause and appreciate your understanding,” it added.
It would be recalled that in September 18, 2025, Dangote refinery had suspended gantry-based self-collection of petroleum products at its depot. The move was designed to accelerate the adoption of its Free Delivery Scheme, which guarantees direct shipments of petroleum products to registered retail outlets across Nigeria.
The refinery stressed that the earlier decision was an operational adjustment aimed at streamlining efficiency in the downstream supply chain.
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